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View Poll Results: How much confidence do you have in Obama to make the right decisions for the country?

Re: Do you have confidence in Obama?

Originally Posted by earthworm

An important qualifier ...trickle down ..or..up only works for the wealthy...the people matter not, never have.....and when conditions really become worse, the people will revolt..I do not think we are even close to this...

Re: Do you have confidence in Obama?

Originally Posted by Robbie Loucks

Can you show me any statistics for this claim?

In the 1920s, the top tax rate dropped from 73 percent to 25 percent, and the economy expanded by 59 percent from 1921 to 1929, with annual growth rates of 6 percent. Similarly, in the six quarters following the 2003 tax cuts, GDP growth shot up to 4.1 percent, from 1.7 percent before. From 2003 to 2007, the economy added more than 8 million jobs.

Re: Do you have confidence in Obama?

Originally Posted by Rocketman

In the 1920s, the top tax rate dropped from 73 percent to 25 percent, and the economy expanded by 59 percent from 1921 to 1929, with annual growth rates of 6 percent. Similarly, in the six quarters following the 2003 tax cuts, GDP growth shot up to 4.1 percent, from 1.7 percent before. From 2003 to 2007, the economy added more than 8 million jobs.

Re: Do you have confidence in Obama?

I don't have much confidence in Obama BUT I do have something to say about "trickle economics".

I moved to South Korea in 1963 and it was one of the poorest countries on earth. There were no paved roads, delivery was by oxcart and cars were ancient jeeps with wire used to close the door handles. People lived in cardboard boxes.

Then came the Vietnam war and the children of the poorest Koreans were drafted and sent to the war. They were paid $300 a month and they had PX access so the back-marketed anything they could get their hands on. They sent this money home to their impoverished families who were able to buy things for the first time in their miserable poor lives.

Samsung was a small textile company in Korea and Lucky Chemical made vinyl material. I'm sure you know who Samsung is now and Lucky Chemical is now LG. South Korea is the most wired and best educated country in the world.

Why? Because of trickle-up. I'm sure someone will argue about this but sorry - I was there and I saw it.

America OTOH has been headed downhill ever since. Not just because of trickle down but a lot of other poor decisions as well (world police comes to mind).

Even under Obama, for all his lip flapping, we are still a trickle down nation with rich getting richer and poor getting poorer while Korea is the opposite. Obamanomics is still all about printing up money for bankers and kicking down food stamps to the "little people".